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Segment Reporting and Geographic Information (Tables) | 6 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
Summary Of Results for Reportable Segments | The following is a summary of results for each of our four reportable segments for the indicated periods:
| Three Months Ended December 31, |  | Six Months Ended December 31,
(In thousands) | 2019 |  | 2018 |  | 2019 |  | 2018
Semiconductor Process Control: |  |  |  |  |  |  |
Revenue | $ | 1,247,430 |  |  | $ | 1,094,013 |  |  | $ | 2,411,062 |  |  | $ | 2,163,972 |
Segment gross margin | 795,730 |  |  | 702,119 |  |  | 1,538,072 |  |  | 1,404,350 |
Specialty Semiconductor Process: |  |  |  |  |  |  |
Revenue | 75,106 |  |  | — |  |  | 144,245 |  |  | — |
Segment gross margin | 41,333 |  |  | — |  |  | 79,497 |  |  | — |
PCB, Display and Component Inspection: |  |  |  |  |  |  |
Revenue | 186,279 |  |  | 26,110 |  |  | 364,831 |  |  | 49,725 |
Segment gross margin | 82,538 |  |  | 10,555 |  |  | 158,606 |  |  | 21,088 |
Other: |  |  |  |  |  |  |
Revenue | 517 |  |  | — |  |  | 2,748 |  |  | — |
Segment gross margin | 117 |  |  | — |  |  | 770 |  |  | — |
Totals: |  |  |  |  |  |  |
Revenue | $ | 1,509,332 |  |  | $ | 1,120,123 |  |  | $ | 2,922,886 |  |  | $ | 2,213,697 |
Segment gross margin | $ | 919,718 |  |  | $ | 712,674 |  |  | $ | 1,776,945 |  |  | $ | 1,425,438 |
Reconciliation of Total Reportable Segments Revenue to Total Revenue | The following table reconciles total reportable segment revenue to total revenue for the indicated periods:
| Three Months Ended December 31, |  | Six Months Ended December 31,
(In thousands) | 2019 |  | 2018 |  | 2019 |  | 2018
Total revenue for reportable segments | $ | 1,509,332 |  |  | $ | 1,120,123 |  |  | $ | 2,922,886 |  |  | $ | 2,213,697 |
Corporate allocations and effects of foreign exchange rates | 121 |  |  | (225 | ) |  | (19 | ) |  | (539 | )
Total revenue | $ | 1,509,453 |  |  | $ | 1,119,898 |  |  | $ | 2,922,867 |  |  | $ | 2,213,158 |
Reconciliation of Total Segment Gross Margin to Total Income Before Income Taxes | The following table reconciles total segment gross margin to total income before income taxes for the indicated periods:
| Three Months Ended December 31, |  | Six Months Ended December 31,
(In thousands) | 2019 |  | 2018 |  | 2019 |  | 2018
Total segment gross margin | $ | 919,718 |  |  | $ | 712,674 |  |  | $ | 1,776,945 |  |  | $ | 1,425,438 |
Acquisition-related charges, corporate allocations, and effects of foreign exchange rates(1) | 43,883 |  |  | 1,036 |  |  | 91,937 |  |  | 1,927 |
Research and development | 220,751 |  |  | 165,903 |  |  | 431,331 |  |  | 319,433 |
Selling, general and administrative | 192,253 |  |  | 112,462 |  |  | 380,598 |  |  | 226,900 |
Interest expense | 40,472 |  |  | 26,538 |  |  | 80,822 |  |  | 52,900 |
Other expense (income), net | (2,568 | ) |  | (9,228 | ) |  | (4,186 | ) |  | (19,253 | )
Income before income taxes | $ | 424,927 |  |  | $ | 415,963 |  |  | $ | 796,443 |  |  | $ | 843,531 |
__________________ (1) Acquisition-related charges primarily include amortization of intangible assets, amortization of inventory fair value adjustments, and other acquisition-related costs classified or presented as part of costs of revenues.
Revenues by Geographic Region | The following is a summary of revenues by geographic region, based on ship-to location, for the indicated periods:
(Dollar amounts in thousands) | Three Months Ended December 31, |  | Six Months Ended December 31,
2019 |  | 2018 |  | 2019 |  | 2018
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Taiwan | $ | 447,083 |  |  | 30 | % |  | $ | 266,534 |  |  | 24 | % |  | $ | 833,812 |  |  | 28 | % |  | $ | 520,971 |  |  | 24 | %
China | 381,752 |  |  | 25 | % |  | 269,878 |  |  | 24 | % |  | 727,608 |  |  | 25 | % |  | 610,012 |  |  | 28 | %
Japan | 194,804 |  |  | 13 | % |  | 180,283 |  |  | 16 | % |  | 401,015 |  |  | 14 | % |  | 315,861 |  |  | 14 | %
Korea | 181,948 |  |  | 12 | % |  | 126,968 |  |  | 11 | % |  | 379,398 |  |  | 13 | % |  | 280,469 |  |  | 13 | %
North America | 158,517 |  |  | 11 | % |  | 150,113 |  |  | 13 | % |  | 340,500 |  |  | 12 | % |  | 252,242 |  |  | 11 | %
Europe and Israel | 97,466 |  |  | 6 | % |  | 80,618 |  |  | 7 | % |  | 156,849 |  |  | 5 | % |  | 152,287 |  |  | 7 | %
Rest of Asia | 47,883 |  |  | 3 | % |  | 45,504 |  |  | 5 | % |  | 83,685 |  |  | 3 | % |  | 81,316 |  |  | 3 | %
Total | $ | 1,509,453 |  |  | 100 | % |  | $ | 1,119,898 |  |  | 100 | % |  | $ | 2,922,867 |  |  | 100 | % |  | $ | 2,213,158 |  |  | 100 | %
Revenues by Major Products | The following is a summary of revenues by major products for the indicated periods:
(Dollar amounts in thousands) | Three Months Ended December 31, |  | Six Months Ended December 31,
2019 |  | 2018 |  | 2019 |  | 2018
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wafer Inspection | $ | 606,131 |  |  | 40 | % |  | $ | 478,553 |  |  | 43 | % |  | $ | 1,054,405 |  |  | 36 | % |  | $ | 925,845 |  |  | 42 | %
Patterning | 289,078 |  |  | 19 | % |  | 284,496 |  |  | 25 | % |  | 671,736 |  |  | 23 | % |  | 588,497 |  |  | 26 | %
Specialty Semiconductor Process | 60,941 |  |  | 4 | % |  | — |  |  | — | % |  | 117,811 |  |  | 4 | % |  | — |  |  | — | %
PCB, Display and Component Inspection | 129,235 |  |  | 9 | % |  | 22,996 |  |  | 2 | % |  | 249,595 |  |  | 9 | % |  | 43,831 |  |  | 2 | %
Services | 364,903 |  |  | 24 | % |  | 267,697 |  |  | 24 | % |  | 720,342 |  |  | 24 | % |  | 531,730 |  |  | 24 | %
Other | 59,165 |  |  | 4 | % |  | 66,156 |  |  | 6 | % |  | 108,978 |  |  | 4 | % |  | 123,255 |  |  | 6 | %
Total | $ | 1,509,453 |  |  | 100 | % |  | $ | 1,119,898 |  |  | 100 | % |  | $ | 2,922,867 |  |  | 100 | % |  | $ | 2,213,158 |  |  | 100 | %
Long-Lived Assets by Geographic Region | Land, property and equipment, net by geographic region as of the dates indicated below were as follows:
(In thousands) | As of December 31, 2019 |  | As of June 30, 2019
Land, property and equipment, net: |  |  |
United States | $ | 297,938 |  |  | $ | 253,255 |
Singapore | 53,510 |  |  | 49,523 |
Israel | 59,943 |  |  | 66,082 |
Europe | 59,843 |  |  | 62,027 |
Rest of Asia | 18,746 |  |  | 17,912 |
Total | $ | 489,980 |  |  | $ | 448,799 |

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